Can anyone really say? There are so many factors that go into how long a product lasts - like how often it is used, if it is used correctly, if it is well-maintained, the type of material used to make it, etc. When you’re a landlord, you can’t be sure your residents will take good care of your unit, which can mean more replacements and repairs. But still, it’s nice to have an idea of the lifetime expectancy of the components that make up your property, so here you go-
Appliances
Dishwasher - 10 years
Refrigerator - 12 years
Microwave - 10 years
Stove/Oven - 15 years
Asphalt Parking Lot - 25 to 30 years
Electrical
Circuit Breakers - 30 to 40 years
Service Panel - 60 years
Switches and Plug-Ins - 30 years
Flooring
Carpet - 6 years
Ceramic Tile - 50 years
Laminate - 25 years
Man-Made Wood - 25 years
Natural Wood - 50 years
Vinyl - 10 years
For a list of other flooring types and cost-effectiveness, go here.
HVAC System - 15 to 25 years
Air Conditioning Unit - 10 to 15 years
Electric/Gas Water Heater - 8 to 12 years
Furnace - 15 to 20 years
Heat Pump - 15 years
Tankless Water Heater - 20 years
Thermostat - 35 years
Plumbing - 50+ years
This is a very general answer. There are so many different parts to the plumbing system there is no way to say how long it will last. For a more comprehensive list, visit this article.
